Lack of financial nous amongst young people

Lotus-eater

lostinrates wrote: »

I HAVE to be at home near sundown for the birds,

Besides what Pastures wrote, there are also such things as automatic pop hole openers/closers you know

To the OP, when my OH went to Uni, she got given a loan, she put it in her acc and paid it back at the end, never used it. She had to work though, a part time job and live very frugally. These are the things that most won't do.
I have no problem with it, if you want to have a great time at uni and spend loads, that's your choice, but then don't moan at the end when you have a massive debt.

I know not everyone can do a part time job btw.

Davesnave

Degenerate wrote: »

What's really telling is seeing her former teacher describe her as "a very bright girl" and then giving an account of her being absolutely thick. If this is how today's teachers discern intelligence then no wonder standards have slipped so far.

I think you are making the mistake of (conveniently) generalising from the particular. Newspapers, and people who write to them, often do that.

You are also putting what we might call common sense and worldly experience in the same place as intelligence, where they don't necessarily belong.

Today's teachers discern 'intelligence' in the same way as they always did, but they also recognise a range of skills and behaviours beyond crude intelligence scores. That's a good thing for the bulk of the population.

Lotus-eater

Davesnave wrote: »

You are also putting what we might call common sense and worldly experience in the same place as intelligence, where they don't necessarily belong.

I think you are right in a way. When I was 12 I knew I could only spend what I had. When I was 18 (and working) I wanted a car, I wanted it very badly and went against my common sense and applied for a loan with the BS I banked with (these were the only ones who would consider me for a loan), luckily they turned me down and my parents wouldn't sign the loan to be guarantors (thankfully).

That set me up for life tbh, while if I had taken out that loan, it could have set me on a never ending rollercoaster.

Moral. Banks lend too easily and parents views are important.

PasturesNew

When I started work the take home pay was £184/month. I was cycling on an old sit up and beg style old ladies' bicycle, complete with big wicker basket on the front. I wanted a moped. The bank I was with was in the same building that I worked in, my wages were paid directly into the bank. I wanted to borrow £140 to buy a moped, applied for a loan when I'd been working about 6 months and they said no

CLAPTON

Lotus-eater wrote: »

I think you are right in a way. When I was 12 I knew I could only spend what I had. When I was 18 (and working) I wanted a car, I wanted it very badly and went against my common sense and applied for a loan with the BS I banked with (these were the only ones who would consider me for a loan), luckily they turned me down and my parents wouldn't sign the loan to be guarantors (thankfully).

That set me up for life tbh, while if I had taken out that loan, it could have set me on a never ending rollercoaster.

Moral. Banks lend too easily and parents views are important.

curious.... 'Banks lend too easily'.... but they turned you down?

Lotus-eater

CLAPTON wrote: »

curious.... 'Banks lend too easily'.... but they turned you down?

They turned me down in 1988
Different times, different rules.

Now they lend too easily.

Davesnave

Similar experience for me, Lotus eater, except that I received the 'loan.' It was actually a HP agreement on a transistor radio, which my parents entered into on my behalf when I was about 14. They made sure I paid the 3/6 a month too!

After that experience, I was much less keen on 'buy now, pay later!':o

lostinrates

Lotus-eater wrote: »

Besides what Pastures wrote, there are also such things as automatic pop hole openers/closers you know
.

Yeh, we tried one, it idn't work for us, all our chickens were out and it was closed.

Ours like to line up, on a nice evening, and watch the sun go down. Its quite wonderful to watch them in their sun worship, but they don't believe me that that is when they are quite vulnerable. When we move I'm going to have HUGE runs and set up an alter to the sun inside for them.

PasturesNew

lostinrates wrote: »

When we move I'm going to have HUGE runs and set up an alter to the sun inside for them.

A ceiling to floor glass wall in the chicken house? With light-activated shuttering? You know you're posh don't you.

olly300

CLAPTON wrote: »

curious.... 'Banks lend too easily'.... but they turned you down?

Banks lend easily to uni students and always have.

However in my day they wouldn't give or extend overdrafts to people who needed the overdraft to pay the rent, get books etc and had worked out when/how they where going to pay it back. They would happy give overdrafts to people who wasted it as they could rack up the charges.